I can understand where urisbenk is coming from, but its all about where and who you are processing for. Some brokers/lenders just give you a base salary with no performance based pay. The broker I work for pays processors both a base salary as well as pay for each loan they process and close. I'd be willing to bet that our processors make more than most starting loan officers at many other lenders/brokers. Just my 2 cents worth Your best bet would be to look around for established brokers in your area. I will tell you that the mortgage market is very soft nationwide, so the likelihood of these companies looking for additional employees may be low. However, if you can get in with an established broker and we have another refi-boom like in 03-04, you'd be looking at making some serious cash if you can get performance based pay.

Sun, July 1, 2012 @ 8:52 PM

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